[lbo-talk] Payroll tax cut extension

[Wojtek S]

And one more thing.  Right now, 50% of SS tax is paid by employers.
If they include it in the general budget, it will get the employers
off the hook, no?

Wojtek

On Fri, Feb 17, 2012 at 6:23 PM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:
>>> "and Social Security can finally be put onto the general budget"
>>
>>
>> [WS:] How would this reduce regressiveness?
>
>
> Because income taxes are more progressive than payroll taxes.  In fact, it's
> the income tax that's really the only progressive tax we have, and
> everything else -- payroll taxes, user fees, etc. -- works against it. Even
> state income taxes are usually only mildly progressive, which, compared to
> the federal ones, make them regressive.
>
> My slogan: get rid of all taxes except the income tax at the Federal level;
> and property taxes at the county level.
>
> /jordan
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-- 
Wojtek
http://wsokol.blogspot.com/